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PeakOil is You

THE US Housing Thread (merged)

A forum for discussion of regional topics including oil depletion but also government, society, and the future.

Re: Your [Silent] Tax Bailout of Subprime fools begins...

Postby Revi » Thu 20 Sep 2007, 23:07:46

There but for the grace of god go I...

I think that we are all going to be hurt by what is happening. It's not fun to live in a declining economy. We are all going to see the repercussions of peak oil starting this winter.

I think a lot of people who bought too much overpriced real estate will start to give it back to the bank soon. This is not going to be like it's a wonderful life. The banks that they give it back to will be some mortgage holder in who knows where. Their many mortgages will go sour, like Northern Rock. Many banks will find that they own some percentage of all those mortgages.

I am really getting worried. I liked peak oil as an academic pursuit much better. This is getting way too real now...
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Re: Your [Silent] Tax Bailout of Subprime fools begins...

Postby Doly » Fri 21 Sep 2007, 11:05:23

$this->bbcode_second_pass_quote('Revi', '
')I am really getting worried. I liked peak oil as an academic pursuit much better. This is getting way too real now...


Welcome to the real world...

I think the events during this winter are going to show a divide in the peak oil camp between those who actually believed it, and those who were getting cheap thrills from the doom and gloom scenario, but didn't really believe it.

I suspect many of the darkest doomers belonged to the last camp... it's going to be entertaining to watch their reactions.
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Re: Your [Silent] Tax Bailout of Subprime fools begins...

Postby Denny » Fri 21 Sep 2007, 17:41:18

$this->bbcode_second_pass_quote('emersonbiggins', '')$this->bbcode_second_pass_quote('Denny', 'S')ad, he was an autoworker retiree, what becomes of he and his wife now?


They become renters. It's not so bad.

$this->bbcode_second_pass_quote('Denny', 'P')erhaps he could have been a lot more astute, but that is the reality for many retirees, they are not all accountants, or have good business sense.


...which is why you hire an attorney to read contracts.


Well, look back in hsitory, think of the fictional "Joad" family from Grapes of Wrath. I guess you could say they too made bad judgements, did not think hard enough, did not consult with lawyers. They should have used economic modeling, I guess, to project their crop prices would sink like a rock and plan properly. They were foreclosed and ultimately tractored off their land, just like so many of the real Okies of the era. Was this a good thing for America? Wouldn't a helping hand, instead of a legal and economic kick in the ass have been a good thing to avoid economic refugees within the wealthiest nation on earth?

I too fear that we are approaching a chasm of expectations versus reality, but if we ignore our fellow man and woman, is this a vision of the real America? Is it really every dog for himself?
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Re: Your [Silent] Tax Bailout of Subprime fools begins...

Postby Revi » Fri 21 Sep 2007, 21:29:46

The ranks of the homeless are swelling now. Imagine what they will be like when the subprime really hits. I don't know what we are going to do with all these people. There will probably be lots of refugees from some of the hardest hit areas. I read that Cleveland and other cities have a lot of unoccupied foreclosed houses that are now being stripped for their copper.

Well, I am thankful to have a roof over our head and food to eat. Who knows what the future holds?
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Re: Your [Silent] Tax Bailout of Subprime fools begins...

Postby Jack » Fri 21 Sep 2007, 21:39:53

$this->bbcode_second_pass_quote('Denny', 'I')s it really every dog for himself?


Of course it is. Wait until genuine privation, fear, and want prevail. You've seen nothing yet.
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Re: Your [Silent] Tax Bailout of Subprime fools begins...

Postby Lore » Fri 21 Sep 2007, 23:01:29

$this->bbcode_second_pass_quote('Revi', 'T')he ranks of the homeless are swelling now. Imagine what they will be like when the subprime really hits. I don't know what we are going to do with all these people. There will probably be lots of refugees from some of the hardest hit areas. I read that Cleveland and other cities have a lot of unoccupied foreclosed houses that are now being stripped for their copper.

Well, I am thankful to have a roof over our head and food to eat. Who knows what the future holds?


Because someone lost their home that they couldn't afford in the first place, doesn’t mean that these people are homeless.
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
... Theodore Roosevelt
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Re: Your [Silent] Tax Bailout of Subprime fools begins...

Postby emersonbiggins » Fri 21 Sep 2007, 23:52:21

$this->bbcode_second_pass_quote('Denny', '
')I too fear that we are approaching a chasm of expectations versus reality, but if we ignore our fellow man and woman, is this a vision of the real America? Is it really every dog for himself?


The hyperbole is touching, but the mythic power of the "American Dream", built on the cornerstone of growing homeownership and individual mobility is just that, a myth. We have little in common with Americans before us, who truly understood the virtues of community and citizenship.
"It's called the American Dream because you'd have to be asleep to believe it."

George Carlin
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Re: Your [Silent] Tax Bailout of Subprime fools begins...

Postby Lore » Sat 22 Sep 2007, 00:10:29

$this->bbcode_second_pass_quote('emersonbiggins', '')$this->bbcode_second_pass_quote('Denny', '
')I too fear that we are approaching a chasm of expectations versus reality, but if we ignore our fellow man and woman, is this a vision of the real America? Is it really every dog for himself?


The hyperbole is touching, but the mythic power of the "American Dream", built on the cornerstone of growing homeownership and individual mobility is just that, a myth. We have little in common with Americans before us, who truly understood the virtues of community and citizenship.


Which Americans are those? It would follow that they are the exact same people that got us to this place.
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
... Theodore Roosevelt
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Re: Your [Silent] Tax Bailout of Subprime fools begins...

Postby emersonbiggins » Sat 22 Sep 2007, 01:05:18

$this->bbcode_second_pass_quote('Lore', 'W')hich Americans are those? It would follow that they are the exact same people that got us to this place.


Nope, it all changed at the New Deal. The war victors became entitled, and so did everyone else. You know the rest of the story. 8)
"It's called the American Dream because you'd have to be asleep to believe it."

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Re: Your [Silent] Tax Bailout of Subprime fools begins...

Postby holmes » Mon 24 Sep 2007, 15:18:31

That is why I have little respect for the American haters. They are clueless to how my pre ww2 family operates. it is their nanny whining state banter that has helped get us to this predicament. My family makes you work like a mule to get three square meals. The nonsense spewed has little meaning in my world and how we were raised. This new deal and the new humanoids created are the problem. But most haters do not want to analyze history. and pre ww2 immigrants offspring were getting educated and stabilizing the population in general. Over population is the primary cause of everything. more whining brats wanting more and more shit. it would be nice to just slap the fucking shit out of all these spoiled rotten little turds.
"To crush the Cornucopians, see them driven before you, and to hear the lamentation of their women."
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Re: Hillary Proposes 1 Billion "Homeowner" Bailout

Postby ClassicSpiderman » Wed 26 Sep 2007, 08:19:33

$this->bbcode_second_pass_quote('bshirt', 'G')od help us.....if she wins we'll have 24 consectutive years of Bush/Clinton.


More like 32... You forgot the Bush Sr. Vice Presidency from 1981-89.
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Re: Hillary Proposes 1 Billion "Homeowner" Bailout

Postby Denny » Thu 27 Sep 2007, 17:35:36

$this->bbcode_second_pass_quote('ClassicSpiderman', '')$this->bbcode_second_pass_quote('bshirt', 'G')od help us.....if she wins we'll have 24 consectutive years of Bush/Clinton.

More like 32... You forgot the Bush Sr. Vice Presidency from 1981-89.

Geez. Sounds like a plot from some kind of Latin Amriocan soap opera. Truth is actually stranger than fiction!
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Re: Hillary Proposes 1 Billion "Homeowner" Bailout

Postby kpeavey » Fri 28 Sep 2007, 18:29:11

Clinton: $5,000 for Every U.S. Baby
http://www.breitbart.com/article.php?id ... _article=1

4 million babies born in the US each year (current rate)
$20 Billion for this project each year, not including administrative expenses.
where does this money come from? The taxpayer.
Who gets it? The baby? no, the baby has a bond.
the parents? no, the parents get the baby.
the government? no, they issue the bond.

How about the financial institutions that underwrite the bond.

Do I get $5000, I was born once.

the math
300M people in the US
4M babies/year
1 baby per 75 people
only about half of the people, say 40, are actually in the workforce.
$5k/40=$125 each worker must come up with to pay for this plan.

This is an incentive to overpopulate and further exacerbate the problems we already have.

What is wrong with this woman?
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Rising fuel costs slow exurban growth; realtors disagree

Postby emersonbiggins » Sat 15 Dec 2007, 11:14:25

Of course, silly trivialities like energy costs never inhibit people from moving further out of the dark, evil cities (and never will, right?).
$this->bbcode_second_pass_quote('', 'F')uel costs take toll on outer-tier suburbs
Not everyone agrees, however. Some officials blame the soft housing market, but Realtors' groups insist that is not a factor.
By PAUL LEVY, Star Tribune December 15, 2007 - 12:26 AM
East Bethel's population has grown more than 20 percent since 2000, but that spurt apparently has run out of gas. And that's fuel for thought for those paying attention to the pumps, East Bethel's finance director says.
It's the price of fuel and commuting, and not just the housing market, that's choking the Twin Cities' outer-tier suburbs, East Bethel finance director Bob Sundberg said recently. Unpredictable gas prices and unforgiving stop-and-go roadways have kept potential commuters from moving farther away from Minneapolis and St. Paul, he said.

Officials from other suburbs blame the housing market, and representatives from Realtors associations throughout the metro area say they have not heard of gas prices hurting the housing market. ...
"In bedroom communities like ours, where there are few places to work, people commute to Minneapolis or St. Paul and are paying more than $6 a day for gas for their commute -- and some are paying a lot more," Sundberg said.
"We're geared up for fast growth, but right now we have empty lots instead of new homes, and the price of gas has a lot to do with it." ...
Neither does Ron Covert, CEO of the Southern Twin Cities Association of Realtors. Nor does Patrick Ruble, a official with the St. Paul Area Association of Realtors. "For everyone, gas prices and transportation are issues," Ruble said. "But I have not heard one Realtor tell me they were having problems selling houses because of gas prices." ...
Star-Tribune
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Re: Rising fuel costs slow exurban growth; realtors disagree

Postby vision-master » Sat 15 Dec 2007, 11:48:20

$this->bbcode_second_pass_quote('', '"')In bedroom communities like ours, where there are few places to work, people commute to Minneapolis or St. Paul and are paying more than $6 a day for gas for their commute -- and some are paying a lot more," Sundberg said.

$6 a day? With your average SUV that would be about 30 miles total. I think $12 to $15 a day in fuel costs is more accurate. River Falls Wis is a Twin Cities burb at about 30 to 45 miles away.
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Re: Rising fuel costs slow exurban growth; realtors disagree

Postby kpeavey » Sat 15 Dec 2007, 11:58:32

With fuel prices climbing, I would expect similar situations in and around every metropolitan area in the world. The longer we have to keep the pressure going, the more people will be herded into the cities and out of the suburbs. City living is more energy efficient than suburban living.
Around these forums we have predicted this would occur.
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Re: Rising fuel costs slow exurban growth; realtors disagree

Postby Ludi » Sat 15 Dec 2007, 18:16:27

$this->bbcode_second_pass_quote('', 'W')e're geared up for fast growth

*Shudder*
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Re: Rising fuel costs slow exurban growth; realtors disagree

Postby efarmer » Sat 15 Dec 2007, 20:20:09

People in the sales business to my experience always say things are just fine when they are in the tank, and that things are just OK when they are on fire. Who would wish to be represented by or buy at or near asking price from a person or firm who is just barely getting along? This is another query scenario like asking the Saudi's how much oil is left in the kingdom.
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Re: Rising fuel costs slow exurban growth; realtors disagree

Postby Plantagenet » Sat 15 Dec 2007, 21:03:00

"If you want less of something, tax it"
---basic government credo
The higher energy costs are an "unofficial" tax on the gas necessary for long car commutes. Of course we are going to see less and less long distance commuting as gas prices continue to rise.
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Re: Not enough negativism: Here's more on housing bubble

Postby Keith_McClary » Sun 23 Dec 2007, 03:15:42

Whatever happened to that "housing bubble" we were doomerizing about back in March 2005?
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